https://birminghamdaily.co.uk/tags/affordabilitychecks/Recent content in affordabilitychecks on Birmingham DailyHugo -- gohugo.ioen-usMon, 13 Jul 2026 05:26:14 +0000https://birminghamdaily.co.uk/new-fca-rules-introduce-stricter-protections-for-buy-now-pay-later-services-in-england/Mon, 13 Jul 2026 05:26:14 +0000https://birminghamdaily.co.uk/new-fca-rules-introduce-stricter-protections-for-buy-now-pay-later-services-in-england/Starting on 15 July, new regulations will come into effect in England to protect consumers using Buy Now Pay Later (BNPL) services. These services, which allow shoppers to pay for purchases in instalments, have become popular for their convenience—but they can also lead to unexpected debt. Under the new rules set by the Financial Conduct Authority (FCA), BNPL providers must carry out affordability checks for every purchase, regardless of price. This means that whether you’re making a small purchase under £50 or a larger one, the provider is required to ensure you can afford to repay.